Brooks Resources Corporation

Background

Brooks Resources Corporation, established in 1969, is one of Central Oregon's oldest and most respected real estate development companies. Originating as a subsidiary of the Brooks-Scanlon Lumber Company, it became an independent entity in 1979. The company is renowned for creating iconic communities such as Black Butte Ranch, NorthWest Crossing, North Rim, Awbrey Butte, Awbrey Glen, Mount Bachelor Village Resort, and IronHorse in Prineville. Committed to environmentally sensitive development, Brooks Resources aims to foster communities that harmonize with the natural environment, ensuring a sustainable way of life for future generations.

Key Strategic Focus

Brooks Resources specializes in master-planned, mixed-use communities, luxury residential neighborhoods, and vacation resorts. The company's strategic focus includes:

Urban Development and Revitalization: Engaging in urban renewal projects, particularly in the Bend Central District, to revitalize older neighborhoods and commercial sites.

Development Services: Offering comprehensive development services to private landowners, municipalities, and stakeholders, guiding projects from planning through construction to sales.

Environmental Stewardship: Integrating natural areas, walking trails, parks, and public spaces into project designs to preserve the natural environment.

Financials and Funding

As a privately held company, specific financial details are not publicly disclosed. However, estimates suggest annual revenues between $6.8 million and $25 million, with a workforce of approximately 25 employees.

Pipeline Development

Brooks Resources has a history of developing significant projects in Central Oregon, including:

Black Butte Ranch Resort: Initiated in 1970, this resort is a hallmark of the company's early developments.

Mount Bachelor Village Resort: Launched in 1974, offering luxury accommodations and amenities.

NorthWest Crossing: A joint venture started in 1999, this mixed-use community emphasizes sustainable living.

Discovery West: A recent mixed-use development focusing on traditional neighborhood design and urbanism principles.

Technological Platform and Innovation

Brooks Resources employs innovative planning and development methodologies, including:

Transect-Based Urbanism: Implementing the "transect" concept to create diverse housing options and community layouts.

Comprehensive Development Services: Offering end-to-end services encompassing planning, engineering, construction administration, sales, marketing, and project administration.

Leadership Team

Kirk Schueler: CEO and President, overseeing strategic direction and operations.

Mike Hollern: Chairman, providing leadership and vision based on decades of experience.

Jade Mayer: Vice President and Chief Financial Officer, managing financial strategy and operations.

Rick Hayes: Director of Real Estate Development, leading project development initiatives.

Dale Van Valkenburg: Director of Planning and Development, overseeing planning and design processes.

Valerie Yost: Director of Marketing, responsible for branding and marketing strategies.

Barb Hess: Director of Human Resources, managing HR functions and employee relations.

Leadership Changes

In December 2023, Brooks Resources announced the retirement of Barb Hess, Director of Human Resources, after 42 years of dedicated service.

Competitor Profile

Market Insights and Dynamics

The real estate development industry in Central Oregon is characterized by steady growth, driven by increasing demand for residential and mixed-use communities. The region's natural beauty and quality of life attract both residents and developers, fostering a competitive market landscape.

Competitor Analysis

Key competitors in the Central Oregon real estate development sector include:

Holrob Investments: Specializes in commercial and residential developments, focusing on sustainable building practices.

Carl M. Freeman Companies: Engages in mixed-use developments with an emphasis on community-centric designs.

Riverside Resources: Known for urban redevelopment projects and innovative architectural designs.

These competitors share a focus on sustainable development and community integration, contributing to the dynamic and evolving real estate market in the region.

Strategic Collaborations and Partnerships

In May 2023, Brooks Resources partnered with Taylor Development to form "Taylor Brooks," focusing on high-quality real estate development projects in Central Oregon, including healthcare, office, and flex industrial spaces. This partnership aims to leverage combined expertise to enhance the region's commercial real estate landscape.

Operational Insights

Brooks Resources' strategic considerations include:

Urban Renewal: Engaging in projects that revitalize older neighborhoods and commercial sites, particularly in the Bend Central District.

Development Services: Offering comprehensive services to guide projects from planning through construction to sales, catering to private landowners, municipalities, and stakeholders.

Environmental Stewardship: Integrating natural areas, walking trails, parks, and public spaces into project designs to preserve the natural environment.

Strategic Opportunities and Future Directions

Brooks Resources is poised to capitalize on:

Urban Development: Participating in the revitalization of the Bend Central District, contributing to urban renewal efforts.

Commercial Development: Through the Taylor Brooks partnership, focusing on developing healthcare, office, and flex industrial spaces to meet regional demand.